Tohoku Electric Power Co. Inc. Reports Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Provides Consolidated and Unconsolidated Earnings Guidance for the Fiscal Ending March 31, 2013
Tohoku Electric Power Co. Inc. reported unaudited consolidated earnings results for the nine months ended December 31, 2012. For the period, the company reported operating revenue of ¥1,274,557 million, operating loss of ¥25,248 million, net loss of ¥56,188 million or ¥112.69 per share against operating revenue of ¥1,161,600 million, operating loss of ¥106,234 million, net loss of ¥167,716 million or ¥336.41 per share a year ago. Loss before income taxes and minority interests was ¥69,376 million against ¥224,205 million a year ago. The change in revenue was mainly due to an increase of electricity sales.
The group expects operating revenue of ¥1,790,000 million, operating loss of ¥72,000 million, net loss of ¥100,000 million for the fiscal ending March 31, 2013.
The parent company expects operating revenue of ¥1,590,000 million, operating loss of ¥50,000 million, net loss of ¥48,000 million for the fiscal ending March 31, 2013.